Shriram Life Immediate Annuity Plus

Shriram Life Immediate Annuity Plus

SHRIRAM LIFE IMMEDIATE ANNUITY PLUS
Shriram Life Immediate Annuity Plus is a non-linked and non-participating single premium immediate annuity assurance for individuals. The plan aims to provide a lifetime income stream post retirement. In exchange for a single purchase price paid, the plan provides with a stream of regular income in the form of an annuity for the whole life.

KEY FEATURES

1. Annuity for life.

2. Annuity for life with return of 100% purchase price on death.

3. Annuity for life increasing @ 3% P.A. compound rate.

4. Annuity for life increasing @ 3% P.A. simple rate.

5. Annuity certain for 5 / 10 / 15 / 20 years and thereafter for life.

6. Joint life last survivor annuity with 50% annuity to last survivor on the death of the annuitant.

7. Joint life last survivor annuity with 100% annuity to last survivor on the death of the annuitant.

8. Joint life last survivor annuity with 100% annuity to last survivor on the death of the annuitant with 100% purchase price on death of the last survivor.

KEY BENEFITS

Maturity Benefits

On survival of the life assured up to the end of the policy term, no benefit will be payable.

Tax Benefits

Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.

ELIGIBILITY